TEL AVIV - HUB Cyber Security Ltd (NASDAQ:HUBC), an Israeli developer of cybersecurity solutions, has secured an additional contract with a subsidiary of a leading credit card service provider, the company announced today. The deal, which represents a continuation of the existing partnership, is part of a series of agreements amounting to a six-figure sum.
Under the terms of the new contract, HUB Security will provide enhanced cybersecurity services to the credit card company, aiming to bolster its compliance with statutory and regulatory requirements related to information security and privacy. This move also aims to fortify the company's defenses against the evolving landscape of cybersecurity threats.
Noah Hershcoviz, CEO of HUB Cyber Security, expressed enthusiasm about the strengthened collaboration, stating, "We are excited to enhance our partnership with one of the leading companies in the financial services sector." He emphasized the mutual commitment to pioneering security solutions and underscored the importance of supporting the client's ongoing success.
Founded in 2017 by veterans of the Israeli Defense Forces' elite intelligence units, HUB Security has made a name for itself with its advanced encrypted computing solutions designed to prevent hostile hardware-level intrusions. The company's portfolio also includes data theft prevention solutions. HUB Security operates in over 30 countries, offering a variety of cybersecurity services and computing appliances globally.
This information in this article is based on a press release statement from HUB Cyber Security.
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